> US economic growth increased last quarter to a healthy 2.8% annual rate
US economic growth increased last quarter to a healthy 2.8% annual rate
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The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — picked up in the April-June quarter after growing at a 1.4% pace in the January-March period. Economists had expected a weaker 1.9% annual pace of growth.
MORE: https://www.wtsp.com/article/news/nation-world/us-economic-growth-increased-last-quarter/507-391ab748-97f7-45cf-b594-53aed7df1190